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Sectoral Okun's Law and Cross-Country Cyclical Differences

Goto, Eiji - 2020

We estimate Okun's law, the negative relationship between output and the unemployment rate, at the sector level for the US, the UK, Japan, and Switzerland to test several hypotheses that may explain why the aggregate Okun's coeffcients are different across countries. Specifically, we show that...

Persistent link: https://www.econbiz.de/10012841145

Employment and Reallocation Effects of Higher Minimum Wages

Drechsel-Grau, Moritz - 2023

worker and firm heterogeneity. I find that minimum wages up to 70% of the median wage significantly increase productivity … the minimum wage cuts deep into the wage distribution. I show that gradually implementing a high minimum wage is necessary …

Persistent link: https://www.econbiz.de/10014377387

Asymmetries in Earnings, Employment and Wage Risk in Great Britain

Angelopoulos, Konstantinos; Lazarakis, Spyridon; Malley, Jim - 2017

moments of the distributions of earnings, employment and wage shocks across individuals. Our main finding is that …

Persistent link: https://www.econbiz.de/10011657121

Macroeconomic Shocks and Racial Labour Market Differences in the U.S

De, Kuhelika - 2020

Using 136 United States macroeconomic indicators from 1973 to 2017, and a factor augmented vector autoregression (FAVAR) framework with sign restrictions, we investigate the effects of three structural macroeconomic shocks - monetary, demand, and supply - on the labour market outcomes of black...

Persistent link: https://www.econbiz.de/10012844419

The business cycle with nominal contracts and search frictions

Moon, Weh-Sol - In: Macroeconomic dynamics 22 (2018) 2, pp. 307-330

Persistent link: https://www.econbiz.de/10011915966

The effect of labor and financial frictions on aggregate fluctuations

Mumtaz, Haroon; Zanetti, Francesco - In: Macroeconomic dynamics 20 (2016) 1, pp. 313-341

Persistent link: https://www.econbiz.de/10011558388

A note on progressive taxation, nominal-wage rigidity, and business cycle destabilization

Gabrovski, Miroslav; Guo, Jang-ting - In: Macroeconomic dynamics 25 (2021) 4, pp. 1112-1125

Persistent link: https://www.econbiz.de/10012523216

The Rise of Generative AI: Modelling Exposure, Substitution, and Inequality Effects on the US Labour Market

Auer, Raphael; Köpfer, David; Švéda, Josef - 2024

the wage spectrum. At moderate and high AI capabilities, 17% and 36% of skills are exposed on average, and up to 45% in … the highest wage quartile. Examining complementary versus substitution, we model the impact on side versus core … simpler than core skills. However, as AI capabilities advance, core skills in lower-wage jobs become exposed, threatening …

Persistent link: https://www.econbiz.de/10015165432

On the modeling of the income distribution business cycle dynamics

Heer, Burkhard - 2007

Empirically, the income share is procyclical for the low-income groups and acyclical for the top 5%. We find that business cycle models should consider overlapping generations and elastic labor supply in order to replicate this finding.

Persistent link: https://www.econbiz.de/10010264090

The Effect of News Shocks and Monetary Policy

Görtz, Christoph - 2019

A VAR model estimated on U.S. data before and after 1980 documents systematic differences in the response of short- and long-term interest rates, corporate bond spreads and durable spending to news TFP shocks. Interest rates across the maturity spectrum broadly increase in the pre-1980s and...

Persistent link: https://www.econbiz.de/10012889175